# SumerMoney

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sumermoney

- Industry: Software
- Headquarters: Palo Alto, US
- Website: www.sumer.money
- Total disclosed funding: $2M
- Latest round: Seed (May 25, 2022)
- Investors on record: 9

## About

Based in California, US, SumerMoney operates as a software development firm that develops a cross-chain synthetic assets platform that allows users to transfer assets between chains. The company was founded by its CEO Xiaohan Zhu. In May 2022, SumerMoney raised USD 2 million in seed funding co-led by A&T Capital, Pantera Capital, and AngelDAO.

The firm offers synthetic assets and helps users to use their assets on any chain. The platform offers asset deposits on any chain and provides mint cross-chain fungible synthetic assets including cryptos and stable coins. It helps users to trade, borrow, collateralize farms,and spend synthetic assets on multiple chains.

## Funding rounds

- Seed, May 25, 2022, $2M — Kernel Capital, Pantera Capital, Waterdrip Capital, A&T Capital, AngelDAO, ROK Capital, Sanctor Capital, Blockwall Digital Assets Fund, NoviDAO

## Investors

- Kernel Capital (https://capitalatlas.ai/funds/kernel-capital) — Seed
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Seed
- Waterdrip Capital (https://capitalatlas.ai/funds/waterdrip-capital) — Seed
- A&T Capital (https://capitalatlas.ai/funds/a-t-capital) — Seed
- AngelDAO (https://capitalatlas.ai/funds/angeldao) — Seed
- ROK Capital — Seed
- Sanctor Capital — Seed
- Blockwall Digital Assets Fund — Seed
- NoviDAO — Seed